TL;DR Breakdown Voyager Digital, a bankrupt crypto lender, has reopened withdrawals, allowing investors to access their funds after a year of halted transactions. Since the resumption of withdrawals, the platform has experienced a significant outflow of funds, with over $250 million worth of crypto assets flowing out. Description Voyager Digital, a bankrupt crypto lender, has recently allowed investors to resume withdrawals after nearly a year of halted transactions. Since the reopening of withdrawals on June 23, more than $250 million worth of crypto assets have flowed out of the platform. This article delves into the implications of Voyager Digital’s bankruptcy, the withdrawal process, … Read more Voyager Digital, a bankrupt crypto lender, has recently allowed investors to resume withdrawals after nearly a year of halted transactions. Since the reopening of withdrawals on June 23, more than $250 million worth of crypto assets have flowed out of the platform. This article delves into the implications of Voyager Digital’s bankruptcy, the withdrawal process, and the ongoing legal actions surrounding the company. Contents hide 1 Voyager Digital Reopens Withdrawals, Faces Major Outflow of…

TL;DR Breakdown The XRPL, known for its innovative smart contract protocol, experiences impressive growth as more users and developers embrace its unique benefits, including speed, efficiency, and lower fees. Despite facing legal challenges, the network’s progress and utility frameworks contribute to a positive sentiment surrounding XRP, and its associated digital currency, ultimately benefiting its price. Description In a significant achievement for the XRP Ledger (XRPL), the protocol recently reached a remarkable milestone with the closure of its 81 millionth ledger. As the preferred smart contract network for an increasing number of users, the XRPL continues to experience substantial growth, offering developers and users unique benefits in terms of speed, efficiency, and … Read more In a significant achievement for the XRP Ledger (XRPL), the protocol recently reached a remarkable milestone with the closure of its 81 millionth ledger. As the preferred smart contract network for an increasing number of users, the XRPL continues to experience substantial growth, offering developers and users unique benefits in terms of speed, efficiency, and uptime. This article will explore XRPL’s growth strides, its impact on…

TL;DR Breakdown Louisiana has established a new law that will criminalize all acts to depict child porn using deepfakes. Battling deepfake misuse and ensuring accountability. Description Louisiana is set to implement a new law on August 1 that will make the production and possession of deepfakes depicting the sexual abuse of children a criminal offense. Signed into law by Governor John Bel Edwards, Louisiana legislative bill SB175 imposes severe penalties for creating, distributing, or possessing unlawful deepfake images involving minors. Offenders … Read more Louisiana is set to implement a new law on August 1 that will make the production and possession of deepfakes depicting the sexual abuse of children a criminal offense. Signed into law by Governor John Bel Edwards, Louisiana legislative bill SB175 imposes severe penalties for creating, distributing, or possessing unlawful deepfake images involving minors. Offenders could face a mandatory prison sentence of five to 20 years, a fine of up to $10,000, or both. Louisiana to hand offenders 20 years and a $10,000 fine Deepfakes, which are AI-generated videos that manipulate and fabricate individuals, places, and…

TL;DR Breakdown UK can tackle inflation by adjusting monetary policy and potentially raising interest rates. Increase taxes for the better-off to drive out inflation. Advocate for a more balanced housing policy to stabilize the market. Address missed opportunities to invest in infrastructure during periods of low interest rates. Description Inflation, like an uninvited guest, is making itself felt in the UK, affecting everyday finances, right from interest rates to mortgage repayments. While this is a headache for most, for some, it’s business as usual. This uneven distribution of pain makes it clear that the current monetary policy isn’t doing enough to quickly combat inflation. … Read more Inflation, like an uninvited guest, is making itself felt in the UK, affecting everyday finances, right from interest rates to mortgage repayments. While this is a headache for most, for some, it’s business as usual. This uneven distribution of pain makes it clear that the current monetary policy isn’t doing enough to quickly combat inflation. Rebalancing housing policies A key area that’s been disproportionately affected is the housing market. It’s a market segment…

TL;DR Breakdown Lightning Labs have announced the integration of AI into its developer tools to enable seamless use of its applications. Empowering open-source AI infrastructure and Bitcoin integration. Description Artificial Intelligence (AI) continues to revolutionize various industries, and now it has set its sights on Bitcoin. Lightning Labs, a leading company in Bitcoin’s Lightning Network development, recently unveiled a set of developer tools designed to seamlessly integrate Bitcoin with AI applications and Large Language Models (LLMs) such as ChatGPT. Lightning Labs wants seamless use … Read more Artificial Intelligence (AI) continues to revolutionize various industries, and now it has set its sights on Bitcoin. Lightning Labs, a leading company in Bitcoin’s Lightning Network development, recently unveiled a set of developer tools designed to seamlessly integrate Bitcoin with AI applications and Large Language Models (LLMs) such as ChatGPT. Lightning Labs wants seamless use of its applications The Lightning Labs engineers behind these tools, Olaoluwa Osuntokun and Michael Levin identified a key concern with LLMs: the lack of access to a native internet-based payment mechanism. In a tweet, Osuntokun mentioned, “In 2023,…

TL;DR Breakdown Twitter has become the center of scams involving Fantom (FTM) tokens after the Multichain hack. Scammers falsely claimed Fantom Foundation was distributing tokens to users. Multichain advised users to halt activities after detecting suspicious outflows amounting to $125 million. The rise of scams on Twitter is a concern in the cryptocurrency industry. Description Online environments, like Twitter, are increasingly becoming a dangerous landscape, fraught with fraudulent schemes aimed at unsuspecting victims. In recent times, Twitter has transformed into the epicenter of deceitful activities, with cybercriminals employing new tactics to exploit its massive user base. One such disconcerting trend is the rampant spread of a scam involving the fraudulent … Read more Online environments, like Twitter, are increasingly becoming a dangerous landscape, fraught with fraudulent schemes aimed at unsuspecting victims. In recent times, Twitter has transformed into the epicenter of deceitful activities, with cybercriminals employing new tactics to exploit its massive user base. One such disconcerting trend is the rampant spread of a scam involving the fraudulent distribution of Fantom (FTM) tokens, a situation that throws a harsh light…

TL;DR Breakdown President Bola Tinubu of Nigeria is reforming tax laws to boost revenue and reduce borrowings. The goal is to increase the tax-to-GDP ratio from 10.9% in 2021 to 18% in three years. These reforms are part of Tinubu’s wider plan to improve the economy, which includes overhauling the power industry and easing foreign-exchange controls. Description Nigeria’s President, Bola Tinubu, is spearheading an ambitious fiscal initiative to revamp the country’s tax regulations and improve revenue efficiency. The leader’s decisive action signifies a concerted effort to wean Africa’s largest crude oil producer off its borrowing dependency while boosting infrastructure, healthcare, and education investments. To enhance revenue transparency and utilization, Tinubu has rallied … Read more Nigeria’s President, Bola Tinubu, is spearheading an ambitious fiscal initiative to revamp the country’s tax regulations and improve revenue efficiency. The leader’s decisive action signifies a concerted effort to wean Africa’s largest crude oil producer off its borrowing dependency while boosting infrastructure, healthcare, and education investments. To enhance revenue transparency and utilization, Tinubu has rallied a top-tier committee led by Taiwo Oyedele, Africa tax leader…

TL;DR Breakdown Cardano’s Hydra Pay is an upcoming decentralized payment service powered by the Hydra Head protocol, offering near-instant settlement and scalability enhancements on the Cardano L2 network. Hydra Pay has the potential to transform micropayments within the Web 3.0 world, positioning Cardano as a strong competitor in the blockchain industry. Description The Cardano community is abuzz with anticipation as developers on the ADA protocol tease an upcoming decentralized payment service. This innovative solution, named Hydra Pay, is powered by Cardano’s layer-2 solution, Hydra Head, and is expected to be compatible with Web 3.0 wallets on the network. With the potential for near-instant settlement and scalability enhancements, … Read more The Cardano community is abuzz with anticipation as developers on the ADA protocol tease an upcoming decentralized payment service. This innovative solution, named Hydra Pay, is powered by Cardano’s layer-2 solution, Hydra Head, and is expected to be compatible with Web 3.0 wallets on the network. With the potential for near-instant settlement and scalability enhancements, Hydra Pay could revolutionize the world of micropayments and position Cardano as a key player…

TL;DR Breakdown XRP experienced significant growth in Q2, with a rise in its circulating market cap and average daily NFT transactions. The launch of Coreum and Root Network protocols on XRPL highlights XRP’s commitment to security and metaverse innovations. Description XRP, the digital asset associated with Ripple, has shown remarkable growth in multiple areas during the second quarter (Q2) of this year, according to a recent report from crypto analytics platform Messari. Despite the prevailing negative sentiments surrounding the ongoing Ripple vs SEC lawsuit, XRP has experienced a surge in its circulating market cap and … Read more XRP, the digital asset associated with Ripple, has shown remarkable growth in multiple areas during the second quarter (Q2) of this year, according to a recent report from crypto analytics platform Messari. Despite the prevailing negative sentiments surrounding the ongoing Ripple vs SEC lawsuit, XRP has experienced a surge in its circulating market cap and achieved significant milestones in transaction volume, NFT transactions, sidechain expansion, and more. This article delves into the key growth highlights of XRP during Q2 and explores the…

TL;DR Breakdown Aave DAO unanimously approves the migration of 1,600 ETH into wstETH and rETH, aiming to put idle assets to work and generate additional yield. The conversion of ETH holdings into wstETH and rETH is part of a decentralized protocol a larger plan to deploy the Ethereum Collector Contract and actively earn a yield on existing funds Description In a recent development, Aave’s vibrant community governance has made significant strides toward optimizing the protocol’s Ether (ETH) holdings. By converting 1,600 ETH (equivalent to approximately $3 million) into wstETH and rETH, Aave aims to put its idle assets to work and maximize the value for its participants. With unanimous approval from the community, this … Read more In a recent development, Aave’s vibrant community governance has made significant strides toward optimizing the protocol’s Ether (ETH) holdings. By converting 1,600 ETH (equivalent to approximately $3 million) into wstETH and rETH, Aave aims to put its idle assets to work and maximize the value for its participants. With unanimous approval from the community, this move represents another step towards the larger goal…